Wall Street analysts predict that Holly Energy Partners, L.P. (NYSE:HEP) will announce $0.48 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Holly Energy Partners’ earnings, with estimates ranging from $0.47 to $0.48. Holly Energy Partners posted earnings of $0.45 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The company is expected to announce its next earnings report on Tuesday, February 18th.
According to Zacks, analysts expect that Holly Energy Partners will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $2.17. For the next financial year, analysts anticipate that the business will post earnings of $1.81 per share, with EPS estimates ranging from $1.73 to $1.98. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Holly Energy Partners.
Holly Energy Partners (NYSE:HEP) last announced its earnings results on Wednesday, October 30th. The pipeline company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Holly Energy Partners had a net margin of 42.47% and a return on equity of 40.22%. The business had revenue of $135.90 million during the quarter, compared to analysts’ expectations of $129.88 million. During the same period in the prior year, the company earned $0.43 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Pettinga Financial Advisors LLC grew its holdings in shares of Holly Energy Partners by 5.3% in the second quarter. Pettinga Financial Advisors LLC now owns 7,900 shares of the pipeline company’s stock worth $217,000 after acquiring an additional 400 shares during the period. Cadence Capital Management LLC raised its stake in Holly Energy Partners by 0.4% during the second quarter. Cadence Capital Management LLC now owns 145,141 shares of the pipeline company’s stock valued at $3,991,000 after buying an additional 576 shares during the last quarter. Private Advisor Group LLC raised its stake in Holly Energy Partners by 7.6% during the second quarter. Private Advisor Group LLC now owns 9,446 shares of the pipeline company’s stock valued at $260,000 after buying an additional 667 shares during the last quarter. Richard C. Young & CO. LTD. raised its stake in Holly Energy Partners by 1.0% during the third quarter. Richard C. Young & CO. LTD. now owns 68,250 shares of the pipeline company’s stock valued at $1,725,000 after buying an additional 705 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC raised its stake in shares of Holly Energy Partners by 5.8% in the second quarter. Infrastructure Capital Advisors LLC now owns 12,934 shares of the pipeline company’s stock worth $359,000 after purchasing an additional 712 shares during the last quarter. Institutional investors and hedge funds own 27.02% of the company’s stock.
Shares of NYSE:HEP traded down $0.05 on Monday, reaching $22.82. The company’s stock had a trading volume of 169,782 shares, compared to its average volume of 238,996. The stock’s 50-day moving average is $23.32 and its two-hundred day moving average is $26.41. Holly Energy Partners has a 52-week low of $20.81 and a 52-week high of $31.23. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $2.41 billion, a P/E ratio of 13.42, a PEG ratio of 11.89 and a beta of 0.73.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, October 28th were paid a dividend of $0.6725 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $2.69 dividend on an annualized basis and a dividend yield of 11.79%. Holly Energy Partners’s dividend payout ratio (DPR) is 158.24%.
About Holly Energy Partners
Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.
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